Solstad Offshore ASA — Earnings Release 2016

Aug 29, 2016

Quarterly Report Consolidated Boa Offshore AS - 2Q 2016

Quarterly Report Consolidated Boa Offshore AS - 2Q 2016

Boa Offshore AS reports consolidated operating

revenues of NOK 226m in 2Q 2016 (NOK 429m in the

same quarter 2015). Operating profit before

depreciation (EBITDA) was NOK 15m (NOK 100m). Net

financial items was -NOK 58m (-NOK 62m) and Net

profit was -NOK 315m (-NOK 3m).

Boa will hold a presentation in a conference call

Thursday 01.09.2016 at 09:00 CET - call in details

and the presentation will be available before

the call on our web site, www.boa.no

For further information, please contact:

Albert Strand, Director Finance and Risk

+47 9074 4461 or Helge Kvalvik, CEO

+47 9797 9772